AB Global High Income Fund Releases Monthly Portfolio Update

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/21 - 1/01/27 

3.58%

2) U.S. Treasury Notes  0.875%, 4/15/19 

3.53%

3) U.S. Treasury Bonds  8.125%, 5/15/21 

2.71%

4) Republic of South Africa Government Bond Series R186 10.50%, 12/21/26 

1.19%

5) U.S. Treasury Notes  2.25%, 11/15/25 - 2/15/27 

1.08%

6) U.S. Treasury Bonds  6.25%, 5/15/30 

0.93%

7) Argentine Republic Government International Bond  6.875%, 4/22/21 - 1/26/27 

0.76%

8) Mexican Bonos Series M 6.50%, 6/10/21 

0.74%

9) Wachovia Mortgage Loan Trust Series Series 2006-ALT1, Class A2 1.203%, 1/25/37 

0.71%

10) U.S. Treasury Bonds  5.25%, 2/15/29 

0.62%

Investment Type

Portfolio %

Corporates - Non-Investment Grade

Industrial

Consumer Non-Cyclical

4.52%

Communications - Media

4.34%

Energy

3.48%

Basic

3.10%

Communications - Telecommunications

2.95%

Consumer Cyclical - Other

2.91%

Capital Goods

1.69%

Technology

1.57%

Services

1.40%

Consumer Cyclical - Automotive

1.32%

Other Industrial

1.17%

Transportation - Services

1.13%

Consumer Cyclical - Retailers

1.11%

Consumer Cyclical - Entertainment

0.27%

Consumer Cyclical - Restaurants

0.20%

Transportation - Airlines

0.10%

SUBTOTAL

31.26%

Financial Institutions

Banking

3.09%

Finance

0.96%

Insurance

0.37%

Other Finance

0.19%

Brokerage

0.14%

REITS

0.04%

SUBTOTAL

4.79%

Utility

Electric

1.14%

Natural Gas

0.02%

SUBTOTAL

1.16%

Credit Default Swaps

0.45%

SUBTOTAL

0.45%

SUBTOTAL

37.66%

Global Governments

15.98%

Collateralized Mortgage Obligations

Risk Share Floating Rate

8.98%

Non-Agency Fixed Rate

1.88%

Non-Agency Floating Rate

1.14%

SUBTOTAL

12.00%

Corporates - Investment Grade

Industrial

Basic

0.84%

Energy

0.72%

Technology

0.56%

Communications - Telecommunications

0.43%

Communications - Media

0.43%

Capital Goods

0.27%

Consumer Cyclical - Automotive

0.23%

Consumer Cyclical - Other

0.15%

Transportation - Airlines

0.08%

Services

0.06%

Consumer Non-Cyclical

0.03%

SUBTOTAL

3.80%

Financial Institutions

Banking

1.37%

Insurance

1.10%

REITS

0.67%

Brokerage

0.16%

Finance

0.02%

SUBTOTAL

3.32%

Credit Default Swaps

0.92%

SUBTOTAL

0.92%

Utility

Electric

0.41%

SUBTOTAL

0.41%

SUBTOTAL

8.45%

Emerging Markets - Sovereigns

6.80%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.06%

Non-Agency Fixed Rate CMBS

2.54%

Non-Agency Floating Rate CMBS

0.20%

SUBTOTAL

6.80%

Interest Rate Futures

6.12%

Emerging Markets - Treasuries

5.99%

Total Return Swaps

4.96%

Emerging Markets - Corporate Bonds

Industrial

Energy

0.87%

Basic

0.63%

Communications - Telecommunications

0.59%

Consumer Non-Cyclical

0.46%

Capital Goods

0.26%

Transportation - Airlines

0.21%

Consumer Cyclical - Other

0.21%

Transportation - Services

0.14%

Technology

0.05%

Other Industrial

0.04%

Consumer Cyclical - Retailers

0.03%

SUBTOTAL

3.49%

Financial Institutions

Banking

0.28%

Insurance

0.06%

Finance

0.05%

Other Finance

0.04%

SUBTOTAL

0.43%

SUBTOTAL

3.92%

Bank Loans

Industrial

Technology

0.76%

Consumer Non-Cyclical

0.60%

Consumer Cyclical - Retailers

0.47%

Energy

0.25%

Capital Goods

0.23%

Consumer Cyclical - Other

0.22%

Consumer Cyclical - Entertainment

0.18%

Other Industrial

0.12%

Services

0.09%

Basic

0.08%

Consumer Cyclical - Automotive

0.07%

SUBTOTAL

3.07%

Utility

Electric

0.17%

SUBTOTAL

0.17%

Financial Institutions

Insurance

0.04%

SUBTOTAL

0.04%

SUBTOTAL

3.28%

Interest Rate Swaps

2.41%

Preferred Stocks

Industrial

0.89%

Financial Institutions

0.66%

Utility

0.03%

SUBTOTAL

1.58%

Inflation-Linked Securities

1.22%

Common Stocks

1.11%

Asset-Backed Securities

Home Equity Loans - Fixed Rate

0.69%

Other ABS - Fixed Rate

0.25%

Autos - Fixed Rate

0.06%

Home Equity Loans - Floating Rate

0.03%

SUBTOTAL

1.03%

Whole Loan Trusts

Performing Asset

0.62%

SUBTOTAL

0.62%

Local Governments - Regional Bonds

0.53%

Local Governments - US Municipal Bonds

0.44%

Equity Futures

Equity Index Futures

0.28%

SUBTOTAL

0.28%

Quasi-Sovereigns

Quasi-Sovereign Bonds

0.28%

SUBTOTAL

0.28%

Collateralized Loan Obligations

CLO - Floating Rate

0.19%

SUBTOTAL

0.19%

Options Purchased - Calls

Options on Forward Contracts

0.10%

Swaptions

0.03%

SUBTOTAL

0.13%

Warrants

0.02%

Call Options Written

-0.01%

Put Options Written

-0.08%

Currency Instruments

Forward Currency Exchange Contracts

-0.29%

SUBTOTAL

-0.29%

Reverse Repurchase Agreements

-7.57%

Net Cash Equivalents

Investment Companies

3.98%

Cash

1.27%

Governments - Sovereign Bonds

0.43%

Foreign Currency

-0.01%

SUBTOTAL

5.67%

Derivative Offsets

Futures Offsets

-6.42%

Swaps Offsets

-13.10%

SUBTOTAL

-19.52%

Total

100.00%

Country Breakdown

Portfolio %

United States

64.17%

Brazil

5.60%

Argentina

3.08%

United Kingdom

3.03%

Mexico

2.47%

Canada

1.62%

Luxembourg

1.38%

Turkey

1.33%

South Africa

1.33%

Indonesia

1.29%

France

1.24%

Dominican Republic

1.20%

Colombia

0.89%

Russia

0.79%

Italy

0.73%

Switzerland

0.72%

Ireland

0.71%

Ivory Coast

0.59%

Egypt

0.57%

Cayman Islands

0.54%

Spain

0.49%

Malaysia

0.43%

Venezuela

0.39%

Netherlands

0.38%

Jamaica

0.37%

Croatia

0.34%

Germany

0.32%

United Arab Emirates

0.30%

India

0.28%

Gabon

0.24%

Trinidad & Tobago

0.22%

Barbados

0.19%

Angola

0.19%

Ecuador

0.18%

Mongolia

0.18%

Honduras

0.18%

Bermuda

0.17%

Norway

0.16%

Macau

0.16%

Guatemala

0.16%

Zambia

0.15%

Sri Lanka

0.15%

Pakistan

0.12%

Cameroon

0.11%

Bahrain

0.10%

Nigeria

0.09%

Peru

0.07%

Australia

0.06%

New Zealand

0.06%

El Salvador

0.06%

Kenya

0.06%

Jordan

0.05%

Senegal

0.05%

Finland

0.05%

Lebanon

0.05%

Ethiopia

0.05%

Chile

0.04%

Hong Kong

0.03%

Iraq

0.02%

Serbia

0.01%

Portugal

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

96.12%

Indian Rupee

2.05%

New Turkish Lira

2.02%

Argentine Peso

1.72%

Colombian Peso

1.46%

Indonesian Rupiah

1.46%

Mexican Peso

1.19%

Brazilian Real

1.13%

Russian Rubles

0.77%

Malaysian Ringgit

0.67%

Norwegian Krone

0.51%

Chilean Peso

0.47%

Dominican Peso

0.47%

Egypt Pound

0.43%

Peruvian Sol

0.25%

South African Rand

-0.03%

Japanese Yen

-0.05%

Swedish Krona

-0.07%

Euro

-0.19%

Chinese Yuan Renminbi (Offshore)

-0.38%

South Korean Won

-0.50%

Canadian Dollar

-1.09%

Swiss Franc

-1.29%

Australian Dollar

-1.43%

Chinese Yuan Renminbi

-1.64%

Great British Pound

-2.02%

Singapore Dollar

-2.03%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

10.82%

AA

0.68%

A

3.50%

BBB

15.55%

BB

29.76%

B

24.47%

CCC

7.70%

CC

0.86%

C

0.04%

D

0.49%

Not Rated

6.30%

Short Term Investments

4.42%

Reverse Repurchase Agreements

-7.57%

N/A

2.98%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

6.21%

1 to 5 years

39.22%

5 to 10 years

37.59%

10 to 20 years

9.24%

20 to 30 years

5.09%

More Than 30 years

1.52%

Other

1.13%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.09%

Average Bond Price:

103.7

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

32.21%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

32.21%

Average Maturity:

7.47  Years

Effective Duration:

4.89  Years

Total Net Assets:

$1,210.08 Million

Net Asset Value:

$14.03

Number of Holdings:

1209

Portfolio Turnover:

48%